June 18, 2021
Real Estate

U.S. industrial real estate market activity continues to chug along, reports CBRE

Robust industrial real estate activity remained fully intact in the first quarter, according to data recently issued by Los Angeles-based industrial real estate firm CBRE.

In its “Q1 2021 U.S. Industrial & Logistics Figures,” CBRE explained that the United States industrial market “shows no signs of slowing down with record-high asking rents and in-process development activity, low vacancy levels, and 44 consecutive quarters of positive net absorption” (which CBRE views as a proxy for demand).

With shippers leasing space at what CBRE called a historically robust pace to accommodate the large increase in e-commerce sales, CBRE said that 99.3 million square-feet (MSF) was absorbed over the course of the first quarter, marking the third highest quarter on record, with the fourth quarter of 2020 being the highest at 116 MSF, and the third quarter of 2016 second, at 104.8…

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